2009-08-14_REVISION - M1980003

• Permit No: M1980003
• IBM Index Class Name: REVISION
• Doc Date: 8/14/2009
• Doc Name: FW increase
• From: DRMS
• To: Quarter Circle 8 LLLC
• Type & Sequence: SI2
• Email Name: PSH
• Media Type: D
• Archive: No

DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
V /August 14, 2009
Sarah McNulty
Quarter Circle 8 LLLC
7747 County Road 100
Carbondale, Colorado 81623
STATE OF COLORADO
V
RE: Quarter Circle 8 LLC; File No. M-1980-003
McNulty Cinder Pit; Financial Warranty Increase (SI-02) tl?
Dear Mrs. McNulty,
On August 6, 2009, the Division of Reclamation, Mining and Safety (Division) conducted an
inspection of the McNulty Cinder Pit, File No. M-1980-003.
COLORADO
D I V I S ION OF
RECLAMATION
MINING
SAFETY
Bill Ritter, Jr.
Governor
Harris D. Sherman
Executive Director
Ronald W. Cattany
Division Director
Natural Resource Trustee
According to Rule 4.2.1(1) and (2), the Division may review a financial warranty at any time to
determine if the amount is sufficient to perform reclamation. The Division currently holds a
financial warranty of $19,146. Based on the inspection, the financial warranty is not sufficient
to perform the approved reclamation at the site. The Division prepared a reclamation cost
estimate for the McNulty Cinder Pit based on the inspection. The Division estimates the cost to
reclaim the current disturbance is $23,000. This is an increase of $3,854 from the current
financial warranty.
This letter is to inform you that your financial warranty will need to be revised within 60 days
from the date of this letter. A copy of calculations used to determine this cost is attached for
your review.
If you wish to submit a different type of Financial Warranty, the various application forms can
be found at the following website: http://mining.state.co.us/Mineral%20Forms.htm. An
additional $500 is required if Quarter Circle 8 LLLC elects to submit the financial warranty as an
Irrevocable Letter of Credit for a total increase of $4,354. If you have any questions regarding
the Financial Warranty please contact Elizabeth Taliaferro at [phone] Ext. 8148.
-?St
Office of Office of
Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines